Monetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow. : FB3-1/63E-PDF
This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks.--Abstract
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.572303&sl=0
Department/Agency | Bank of Canada. |
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Title | Monetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow. |
Series title | Technical report[63] |
Publication type | Series - View Master Record |
Language | [English] |
Format | Electronic |
Electronic document | |
Other formats | Paper-[English] |
Note(s) | "This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks."--Abstract. The ISBN (0-662-20859-5) and ISSN (0713-7931) for the print version have been incorrectly copied in this electronic publication. |
Publishing information | Ottawa - Ontario : Bank of Canada August 1993. |
Description | 50p.graphs, references, tables |
Catalogue number |
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Subject terms | Inflation Financial institutions |